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Morningstar

Virtus Stone Harbor Local Markets I SHLMX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 8.10  /  0.25 %
  • Total Assets 12.2 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of Dec 09, 2023 | 1-Day Return as of Dec 09, 2023, 12:18 AM GMT+0

Morningstar’s Analysis SHLMX

Will SHLMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHLMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SHLMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SHLMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Virtus Stone Harbor Local Markets I boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SHLMX

More SHLMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 61
  • Other Holdings 63
  • % Assets in Top 10 Holdings 37.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Secretaria Tesouro Nacional 10%

7.82
1,176,535
Government

Cnh/Usd Fwd 20231205 2467

4.54
683,446
Derivative

Thb/Usd Fwd 20231208 Goldus33

4.51
678,402
Derivative

Usd/Mxn Fwd 20231107 2467

4.21
633,214
Derivative

Mxn/Usd Fwd 20231107 2467

4.12
619,925
Derivative

Usd/Mxn Fwd 20240117 2467

4.07
612,926
Derivative

Mexico (United Mexican States) 10%

3.85
579,378
Government

Secretaria Tesouro Nacional 10%

3.63
546,860
Government

Kreditanstalt Fur Wiederaufbau 0.625%

3.61
543,019
Government

Us Dollar

3.37
506,515
Cash and Equivalents